Southwest Airlines LUV
NYSE LUV
$40.99 +0.66 (+1.64%)
At close: Sep 18, 2026 · 4:00 PM EDT

Southwest Airlines (LUV) Retained Earnings (2009 - 2026)

Southwest Airlines' (LUV) quarterly Retained Earnings came in at $16.7 billion in Q2 2026, up 2.92% on a YoY basis from $16.2 billion in Q2 2025, and up 0.88% quarter-over-quarter from $16.5 billion in Q1 2026.

Analysis

Southwest Airlines (LUV) Retained Earnings (2009 - 2026) Analysis & Trends

Southwest Airlines (LUV) has reported Retained Earnings for 18 consecutive years, with $16.7 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Retained Earnings rose 2.92% year-over-year to $16.7 billion; the trailing twelve-month figure through Jun 2026 stood at $16.7 billion (up 2.92% YoY), and the FY2025 full-year result was $16.4 billion, changed 0.34% from the prior year.
  • Retained Earnings advanced to $16.7 billion in Q2 2026 per LUV's latest filing, from $16.5 billion in the prior quarter.
  • Across five years, Retained Earnings topped out at $16.7 billion in Q2 2026 and bottomed at $15.6 billion in Q1 2022.
  • Historically, Retained Earnings has averaged $16.3 billion across 5 years, with a median of $16.3 billion in 2022.
  • The sharpest annual moves came in 2022 and 2024: Retained Earnings gained 6.89% in 2022, then dropped 2.88% in 2024.
  • Over 5 years, Retained Earnings stood at $16.3 billion in 2022, then increased by 0.22% to $16.3 billion in 2023, then climbed by 0.21% to $16.3 billion in 2024, then gained by 0.34% to $16.4 billion in 2025, then advanced by 1.73% to $16.7 billion in 2026.
  • According to Business Quant data, Retained Earnings over the past three periods registered $16.7 billion, $16.5 billion, and $16.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Delta Air Lines 52.35 Bn 47.68 Bn 19.07 Bn 14.27 Bn
2 Ryanair Holdings 27.93 Bn 24.00 Bn - 8.31 Bn
3 Southwest Airlines 20.05 Bn 16.26 Bn 7.33 Bn 16.67 Bn
4 Copa Holdings 5.42 Bn 4.16 Bn 1.03 Bn 2.70 Bn
5 Alaska Air 4.52 Bn 1.86 Bn 3.76 Bn 4.76 Bn
6 Skywest 3.74 Bn 3.14 Bn 1.01 Bn 3.22 Bn
7 Grupo Aeromexico, S.A.B. de C.V 2.25 Bn 1.21 Bn - -
8 Allegiant Travel 2.14 Bn 1.08 Bn 902.77 Mn 1.46 Bn
9 Jetblue Airways 1.65 Bn -372.51 Mn 2.32 Bn 151.00 Mn
10 Frontier Group Holdings 1.34 Bn 384.76 Mn - 444.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 16.67 Bn
Mar 31, 2026 16.53 Bn
Dec 31, 2025 16.39 Bn
Sep 30, 2025 16.16 Bn
Jun 30, 2025 16.20 Bn
Mar 31, 2025 16.08 Bn
Dec 31, 2024 16.33 Bn
Sep 30, 2024 16.18 Bn
Jun 30, 2024 16.22 Bn
Mar 31, 2024 15.96 Bn
Dec 31, 2023 16.30 Bn
Sep 30, 2023 16.66 Bn
Jun 30, 2023 16.57 Bn
Mar 31, 2023 16.00 Bn
Dec 31, 2022 16.26 Bn
Sep 30, 2022 16.59 Bn
Jun 30, 2022 16.31 Bn
Mar 31, 2022 15.55 Bn
Dec 31, 2021 15.77 Bn
Sep 30, 2021 15.71 Bn